INVOICE FINANCE PRODUCT
We provides clients with the ability to ensure improved cash flow where we advance up to 85% of your sales invoice value against credit insured customers, on single or multiple invoices.
Utilising invoicing financing you can release up to 85% of your invoice value immediately and let Sterling’s team of account managers work to ensure prompt collection.
The remaining 15% of invoice, less charges are paid on receipt of cleared funds from the end customer.
Invoice financing can offer greater flexibility than factoring, which typically involves the financing of a complete ledger. The major differences are:
 |
Invoice Financing |
Factoring |
Requires the entire sales ledger to be financed |
no |
yes |
May complicate pre-exisitng financial arrangements |
no |
yes |
Charges annual fees |
no |
yes |
May demand a minimum turnover to be achieved |
no |
yes |
May apply debtor concentration thereby reducing |
yes |
no |